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Major right-wing donor Bob Mercer is leaving his hedge fund and selling his stake in Breitbart

Maxwell TaniNov 2, 2017, 20:47 IST

Steve Bannon, the former advisor to President Donald Trump and executive chairman of Breitbart News.Scott Olson/Getty Images

Hedge-fund billionaire and major conservative donor Robert Mercer is stepping down from his position as co-CEO of Renaissance Technologies.

He did not give a reason for his departure.

Bloomberg reported Thursday that in addition to leaving his position at Rentech, Mercer will also sell his stake in the far-right news website Breitbart News to his daughter Rebekah Mercer.

This story will be updated.

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Major right-wing donor Bob Mercer is leaving his hedge fund and selling his stake in Breitbart

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